Hi all,
I am a relative newbie but have remained pretty calm during the difficult last week or so. The markets are falling significantly again, is this still relatively normal and is the best advice just to HODL? Moving forward I think I will set stop losses on all holdings to protect my capital against falls like this.
Thanks
I am a relative newbie but have remained pretty calm during the difficult last week or so. The markets are falling significantly again, is this still relatively normal and is the best advice just to HODL? Moving forward I think I will set stop losses on all holdings to protect my capital against falls like this.
Thanks
HODL - the best option to save your assets, proven over last 9 years already.
It all comes down to money what you put into crypto, if you need them for a living than surely you need to set stop losses to take your profit when market falls.
When you put money which you don't need for a living, i see absolutely no point in setting stop losses or taking your money out.
Even if the price falls 70-90% you still have your crypto - 1 bitcoin is still 1 bitcoin no matter whats the current price is, at least for me
Though the last 9 years bitcoin average decrease in price is about 76%, so if the next high will be 100k $ for bitcoin, decrease can be to 26k $ per btc, just keep this numbers in mind.